【New York, US】These 8 Saks Fifth Avenue Stores Are Closing
Editor’s NoteThis article details Saks Global’s strategic store closures following its Chapter 11 filing, part of a reorganization to focus on its…
Department Stores
【Seoul, South】‘Does carrying a luxury bag make money? Better to buy a gold bracelet’… Eyes turn to ‘high jewelry’
Editor’s NoteThis article explores the diverging trends in jewelry consumption, highlighting how high-end buyers are seeking exclusive “gem tech”…
【South Korea】Tectonic Shift and Price Hikes… Distribution Industry Ponders How to Utilize ‘Luxury Goods’
Editor’s NoteIn a significant shift within the luxury sector, Chanel has overtaken Louis Vuitton as the world’s most valuable brand. This article…
【South Korea】Luxury Brands Bulgari and Tiffany Soar… Foreign Wallets Wide Open Amid ‘Weak Won’
Editor’s NoteThis article highlights a significant surge in domestic luxury sales, driven by shifting consumer patterns and favorable exchange rates….
【South Korea】”Prices Keep Rising”… Department Stores’ Focus on ‘Luxury’ Had Its Reasons
Editor’s NoteThis article highlights the strategic pivot of major retailers towards luxury segments, as demonstrated by Shinsegae’s flagship…
【South Korea】Department Stores’ ‘Wedding Gifts’ Soar as Marriages Increase … Luxury Watches and Jewelry Experience Rapid Growth
Editor’s NoteThis article highlights a notable trend in retail sales, where luxury items like watches and jewelry are seeing strong growth despite…
【South Korea】Beyond Luxury Bags to Watches and Jewelry… Department Stores Find Breakthrough in High-End Consumption
Editor’s NoteThis analysis highlights a key trend in retail: while overall department store transactions declined in March, the average purchase…
【South Korea】Luxury Jewelry and Watch Brands Aggressively Expand Retail Networks in Korea
Editor’s NoteThis article highlights a notable trend in the luxury sector, where high-end jewelry and watch brands are accelerating their retail…
【South Korea】Luxury Jewelry and Watches Expand Distribution Channels Amidst General Luxury Market Slowdown
Editor’s NoteThis article highlights a notable divergence within the luxury sector, where high-end jewelry and watches continue to thrive despite a…
【South Korea】”Can’t Let Luxury Jewelry Be Taken Away”… Department Stores Rushing to Attract Ultra-High-End ‘High Jewelry’
Editor’s NoteAs luxury spending increasingly moves online for fashion items, department stores are doubling down on high jewelry—a category where…